Vancouver-based Rio Alto Mining Limited (TSX, BVL: RIO, NYSE: RIOM, DB Frankfurt: MS2) announced it has temporarily suspended mining activities at its La Arena gold oxide mine due to a blockade of the Trujillo to Huamachuco public road by a group led by the Central Unica de Rondas Campesinas (CURC).
The Trujillo to Huamachuco road is the company’s main access route for people and supplies.
On May 29, the CURC in the Sanchez Carrion-La Libertad province declared an indefinite blockade on all the public access roads in the area. They are protesting the Peruvian judicial system, the local district attorney and the state police force.
Since then, the La Arena gold mine has been able to operate normally on backup supplies. On Monday, however, fuel stocks ran down to a level where mining and civil construction activities had to cease. The remaining fuel will be sufficient to run the mine’s gold processing facilities for another 14 days.
Rio Alto’s total gold production during 2013 may be negatively impacted due to this situation.
La Arena gold/copper project is located in north central Peru, the most prolific gold mining district in the country, and contains 3.9 million ounces gold and 2.0 billion pounds copper in measured and indicated resources with additional inferred resources of 2.2 million ounces gold and 2.1 billion pounds copper.
First gold production at La Arena occurred on May 6, 2011 and 201,113 ounces of gold were poured in 2012.
Image courtesy Rio Alto
Just another continuing "this time tinier example" of tigthening of the cu supply obviously not on the scale of a bingham canyon or Grasberg but it all adds up in the perfect storm now evolving to benefit "safe jurisdiction projects" including our RDK AZ Copper Creek Project. waitin gin the wings.
Ghana’s Minister of Communications, Omane Boamah, said Tuesday the government is drafting a bill that bans all copper exports, in an effort to crackdown cable and fibre theft, which is affecting the operations of telecommunication companies in the African country.
If enacted, the authority believes the law will discourage people who steal cables and fibre belonging to telecom operators, helping to improve the quality of those services in the country.
Boamah added aid his office would soon start a year-long awareness program to educate about the dangers and impact of cable thefts.
Last month Ghana's government created a task force to fight illegal gold and diamond mining in the country. Authorities blamed the illegitimate practice for costing the country millions of dollars in lost revenue due to the environmental degradation
Illegal mining in Ghana has become a major problem over the past few months, with an estimated 10,000 immigrants —most of them Chinese— engaged in such activities and it has raised concerns about the environmental impact of that kind of mining.